Genesee & Wyoming Picking Up RailAmerica with Carlyle's Help
July 24, 2012
The Carlyle Group has agreed to invest up to $800 million in Genesee & Wyoming (NYSE: GWR) through the Carlyle Partners V fund. The investment will support Genesee & Wyoming's $2 billion acquisition of Fortress Investment Group-backed RailAmerica (NYSE: RA). Genesee & Wyoming owns and operates short line and regional freight railroads and provides railcar switching services in the U.S., Australia, Canada, the Netherlands and Belgium, while RailAmerica owns and operates short line and regional freight railroads in North America.